Your company owns an old factory that's currently listed at $1,000 on its Balance Sheet. Why would it choose to write down this factory's value, and what is the impact on the financial statements?

a) The company anticipates increased demand for the factory's products.

b) The factory's market value has declined below its book value.

c) The company wants to show higher asset values for investor confidence.

d) The impact on financial statements is minimal.